During the last session, Neogenomics Inc. (NASDAQ:NEO)’s traded shares were 0.57 million, with the beta value of the company hitting 1.19. At the end of the trading day, the stock’s price was $16.55, reflecting an intraday loss of -2.19% or -$0.37. The 52-week high for the NEO share is $21.22, that puts it down -28.22 from that peak though still a striking 33.35% gain since the share price plummeted to a 52-week low of $11.03. The company’s market capitalization is $2.12B, and the average intraday trading volume over the past 10 days was 1.25 million shares, and the average trade volume was 781.56K shares over the past three months.
Neogenomics Inc. (NEO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. NEO has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.01.
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Neogenomics Inc. (NASDAQ:NEO) trade information
Neogenomics Inc. (NEO) registered a -2.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.19% in intraday trading to $16.55, hitting a weekly high. The stock’s 5-day price performance is -3.61%, and it has moved by 15.33% in 30 days. Based on these gigs, the overall price performance for the year is 11.67%. The short interest in Neogenomics Inc. (NASDAQ:NEO) is 5.21 million shares and it means that shorts have 7.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 12.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $54 respectively. As a result, NEO is trading at a discount of -226.28% off the target high and 9.37% off the low.
Neogenomics Inc. (NEO) estimates and forecasts
Statistics show that Neogenomics Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Neogenomics Inc. (NEO) shares have gone up 14.14% during the last six months, with a year-to-date growth rate more than the industry average at 116.67% against 16.60. In the rating firms’ projections, revenue will increase 11.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 167.01M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 173.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 151.95M and 155.55M respectively. In this case, analysts expect current quarter sales to grow by 9.90% and then jump by 11.70% in the coming quarter.
While earnings are projected to return 151.19% in 2024.
Neogenomics Inc. (NASDAQ:NEO)’s Major holders
Neogenomics Inc. insiders own 1.24% of total outstanding shares while institutional holders control 102.68%, with the float percentage being 103.97%. BLACKROCK INC. is the largest shareholder of the company, while 362.0 institutions own stock in it. As of 2024-03-31, the company held over 19.85 million shares (or 15.7635% of all shares), a total value of $312.06 million in shares.
The next largest institutional holding, with 14.21 million shares, is of VANGUARD GROUP INC’s that is approximately 11.2849% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $223.4 million.
Also, the Mutual Funds coming in first place with the largest holdings of Neogenomics Inc. (NEO) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . Data provided on Jun 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 8.27 shares. This amounts to just over 6.46 percent of the company’s overall shares, with a $136.94 million market value. The same data shows that the other fund manager holds slightly less at 4.01, or about 3.13% of the stock, which is worth about $66.42 million.
